bitinstant paycard | Bitcointalksearch.org

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

Quote from: scintill on October 28, 2013, 04:01:56 PM

Quote from: Dusty on September 13, 2013, 08:06:44 AM

I remember to have read somewhere (maybe bitcoinmagazine?) that this project is dead due to regulatory issues.

Anyone can confirm/deny this?

There's this:

Quote from: http://www.teribuhl.com/2013/10/22/mastercard-hates-bitcoins/

The new boss in charge of giving out a MasterCard licenses [Stephen Ruch] has no intention of allowing the brand or any bank that does private label cards to use Bitcoins. In fact, he nearly bragged to me about killing the BitInstant deal with a U.S. bank for the first planned $BTC card this year.

Could be regulatory issues involved too.

truth can be watched always in the long term.

scintill

sr. member

Activity: 448

Merit: 254

Quote from: Dusty on September 13, 2013, 08:06:44 AM

I remember to have read somewhere (maybe bitcoinmagazine?) that this project is dead due to regulatory issues.

Anyone can confirm/deny this?

There's this:

Quote from: http://www.teribuhl.com/2013/10/22/mastercard-hates-bitcoins/

The new boss in charge of giving out a MasterCard licenses [Stephen Ruch] has no intention of allowing the brand or any bank that does private label cards to use Bitcoins. In fact, he nearly bragged to me about killing the BitInstant deal with a U.S. bank for the first planned $BTC card this year.

Could be regulatory issues involved too.

Piper67

legendary

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Quote from: minimalB on September 17, 2013, 04:05:40 AM

I guess other true solutions will pop out soon, i bet BTC companies from Germany, Finland, Belgium, etc are the ones to count on in near future.

and Iceland... and maybe even Canada

minimalB

donator

Activity: 674

Merit: 523

I guess other true solutions will pop out soon, i bet BTC companies from Germany, Finland, Belgium, etc are the ones to count on in near future.

thebaron

sr. member

Activity: 434

Merit: 250

I think Bitinstant is dead.

Dusty

hero member

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Libertas a calumnia

I remember to have read somewhere (maybe bitcoinmagazine?) that this project is dead due to regulatory issues.

Anyone can confirm/deny this?

SkRRJyTC

legendary

Activity: 1008

Merit: 1000

Quote from: SkRRJyTC on October 19, 2012, 07:09:13 AM

Quote from: ercolinux on October 19, 2012, 04:49:33 AM

So any news on how many weeks still to wait before release?

Maybe 6-8 weeks.

Vapor

Gyrsur

legendary

Activity: 2856

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Bitcoin Legal Tender Countries: 2 of 206

pump

minimalB

donator

Activity: 674

Merit: 523

Thanks for the info. I contacted them and they indeed told me that there is a problem with US accounts.

However, they are still operating normally in EU zone. Might try them out!

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: minimalB on June 08, 2013, 04:15:50 AM

Who is behind this eCardOne? I guess it's not bitinstant.

Dagensia. Alas, it was not to be. I just logged into my account to load my newly authorized Bitcoin MasterCard with a bitcoin payment for the first time, where I was met with:

Quote

Dear client, We apologize but due to regulation requiring all foreign entities to register with the US Fincen and IRS authorities, and the administrative high costs involved, we have to terminate services to all our US clients. Please withdraw any remaining balance in your account to Bitcoin, and your account will be closed by August 1st. We apologize for any inconvenience this may cause. Please contact our support if you have any questions.

Such wasted promise....

minimalB

donator

Activity: 674

Merit: 523

Who is behind this eCardOne? I guess it's not bitinstant.

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: Rassah on May 30, 2013, 11:09:05 AM

There was a card being shown at the conference from some other company. $25 to open, $3 to deposit using BTC, and all deposited money gets converted to USD or EUR right away, but no other fees besides those two.

eCardOne. Their website just got seized by DHS - presumably because they also dealt with Liberty Rserve. The're setting up a new site at Dagensia.eu.

I signed up at the conference. Just received my card yesterday. Just activated today. Have not yet used it. Yes, it _does_ have a MasterCard logo.

"This card is issued by Prepaid Financial Services Limited pursuant to license by MaterCard International Incorporated..."

Rassah

legendary

Activity: 1680

Merit: 1035

There was a card being shown at the conference from some other company. $25 to open, $3 to deposit using BTC, and all deposited money gets converted to USD or EUR right away, but no other fees besides those two.

SkRRJyTC

legendary

Activity: 1008

Merit: 1000

Coming soon TM

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

Quote from: Dusty on April 22, 2013, 02:22:38 PM

Quote from: URSAY on April 22, 2013, 01:54:47 PM

This project is currently being worked on.

I've just one Bitcoin Magazine, #5, where you made the whole last page with the bitinstant paycard and written "they're coming", with the url:

http://bitinstant.com/Paycard

and it does not work... Not a good start

A whole page with just an image and a link, and you don't even check if it works?

says "not found"

wow very professional lol

jago25_98

hero member

Activity: 900

Merit: 1000

Crypto Geek

Couldn't a creditUnion (or anyone) achieve this by issuing cards, supplying a QRcode sticker and then automating the exchange to refill it?

In fact, perhaps I could emulate it myself with one of the polishcards... but how can I set up an automated exchange that automatically converts BTC to fiat and sends it via SEPA?

URSAY

legendary

Activity: 1974

Merit: 1010

Quote from: Dusty on April 22, 2013, 02:22:38 PM

Quote from: URSAY on April 22, 2013, 01:54:47 PM

This project is currently being worked on.

I've just one Bitcoin Magazine, #5, where you made the whole last page with the bitinstant paycard and written "they're coming", with the url:

http://bitinstant.com/Paycard

and it does not work... Not a good start

A whole page with just an image and a link, and you don't even check if it works?

Hmmmm. I'm not sure how this fell thru the cracks but I agree, there should be SOMETHING at the URL. Thanks for pointing this out. I've let one of our web developers know about the situation.

Dusty

hero member

Activity: 731

Merit: 503

Libertas a calumnia

Quote from: URSAY on April 22, 2013, 01:54:47 PM

This project is currently being worked on.

I've just one Bitcoin Magazine, #5, where you made the whole last page with the bitinstant paycard and written "they're coming", with the url:

http://bitinstant.com/Paycard

and it does not work... Not a good start

A whole page with just an image and a link, and you don't even check if it works?

RodeoX

legendary

Activity: 3066

Merit: 1147